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阿拉斯加航空集团（ALK）与泰佩思琦（TPR）财务数据对比。点击上方公司名可切换其他公司
阿拉斯加航空集团的季度营收约是泰佩思琦的1.3倍（$3.3B vs $2.5B），泰佩思琦净利率更高（22.4% vs -5.8%，领先28.3%），泰佩思琦同比增速更快（14.0% vs 5.2%），过去两年泰佩思琦的营收复合增速更高（29.9% vs 6.7%）
阿拉斯加航空集团是总部位于美国华盛顿州西塔科的航空控股企业，旗下拥有阿拉斯加航空、夏威夷航空两家干线航司，以及区域航司地平线航空，阿拉斯加航空还全资控股飞机地面服务提供商麦吉航空服务。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
ALK vs TPR — 直观对比
营收规模更大
ALK
是对方的1.3倍
$2.5B
营收增速更快
TPR
高出8.8%
5.2%
净利率更高
TPR
高出28.3%
-5.8%
两年增速更快
TPR
近两年复合增速
6.7%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.5B |
| 净利润 | $-193.0M | $561.3M |
| 毛利率 | — | 75.5% |
| 营业利润率 | — | 28.6% |
| 净利率 | -5.8% | 22.4% |
| 营收同比 | 5.2% | 14.0% |
| 净利润同比 | -16.3% | 80.8% |
| 每股收益（稀释后） | $-1.69 | $2.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ALKTPR
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.6B | $2.5B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.7B | $1.7B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.5B | $2.2B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $2.9B | $1.6B |
净利润ALKTPR
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $561.3M | ||
| Q3 25 | $73.0M | $274.8M | ||
| Q2 25 | $172.0M | $-517.1M | ||
| Q1 25 | $-166.0M | $203.3M | ||
| Q4 24 | $71.0M | $310.4M | ||
| Q3 24 | $236.0M | $186.6M | ||
| Q2 24 | $220.0M | $159.3M |
毛利率ALKTPR
| Q1 26 | — | — | ||
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% |
营业利润率ALKTPR
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 28.6% | ||
| Q3 25 | 3.9% | 19.3% | ||
| Q2 25 | 7.5% | -33.9% | ||
| Q1 25 | -6.3% | 16.0% | ||
| Q4 24 | 2.1% | 22.4% | ||
| Q3 24 | 11.1% | 16.7% | ||
| Q2 24 | 11.1% | 14.8% |
净利率ALKTPR
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 22.4% | ||
| Q3 25 | 1.9% | 16.1% | ||
| Q2 25 | 4.6% | -30.0% | ||
| Q1 25 | -5.3% | 12.8% | ||
| Q4 24 | 2.0% | 14.1% | ||
| Q3 24 | 7.7% | 12.4% | ||
| Q2 24 | 7.6% | 10.0% |
每股收益（稀释后）ALKTPR
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $2.68 | ||
| Q3 25 | $0.62 | $1.28 | ||
| Q2 25 | $1.42 | $-2.30 | ||
| Q1 25 | $-1.35 | $0.95 | ||
| Q4 24 | $0.58 | $1.38 | ||
| Q3 24 | $1.84 | $0.79 | ||
| Q2 24 | $1.71 | $0.67 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $451.0M | $1.1B |
| 总债务越低越好 | $5.3B | $2.4B |
| 股东权益账面价值 | $3.7B | $551.2M |
| 总资产 | $20.3B | $6.5B |
| 负债/权益比越低杠杆越低 | 1.43× | 4.32× |
8季度趋势，按日历期对齐
现金及短期投资ALKTPR
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $1.1B | ||
| Q3 25 | $2.3B | $743.2M | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.5B | $7.3B | ||
| Q2 24 | $2.5B | $7.2B |
总债务ALKTPR
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $4.9B | $2.4B | ||
| Q1 25 | $4.8B | $2.4B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.6B | $7.0B | ||
| Q2 24 | $2.7B | $6.9B |
股东权益ALKTPR
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $551.2M | ||
| Q3 25 | $4.0B | $399.5M | ||
| Q2 25 | $3.9B | $857.8M | ||
| Q1 25 | $4.1B | $1.5B | ||
| Q4 24 | $4.4B | $1.3B | ||
| Q3 24 | $4.5B | $3.0B | ||
| Q2 24 | $4.2B | $2.9B |
总资产ALKTPR
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $6.5B | ||
| Q3 25 | $20.0B | $6.4B | ||
| Q2 25 | $19.9B | $6.6B | ||
| Q1 25 | $19.8B | $7.3B | ||
| Q4 24 | $19.8B | $7.3B | ||
| Q3 24 | $19.6B | $13.7B | ||
| Q2 24 | $15.3B | $13.4B |
负债/权益比ALKTPR
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 4.32× | ||
| Q3 25 | 1.24× | 5.95× | ||
| Q2 25 | 1.26× | 2.77× | ||
| Q1 25 | 1.16× | 1.59× | ||
| Q4 24 | 1.04× | 1.78× | ||
| Q3 24 | 1.03× | 2.35× | ||
| Q2 24 | 0.63× | 2.39× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $229.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 41.5% |
| 资本支出强度资本支出/营收 | 10.2% | 1.7% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流ALKTPR
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.1B | ||
| Q3 25 | $229.0M | $112.6M | ||
| Q2 25 | $376.0M | $446.8M | ||
| Q1 25 | $459.0M | $144.3M | ||
| Q4 24 | $274.0M | $506.0M | ||
| Q3 24 | $318.0M | $119.5M | ||
| Q2 24 | $580.0M | $256.0M |
自由现金流ALKTPR
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $209.8M |
自由现金流率ALKTPR
| Q1 26 | — | — | ||
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.2% |
资本支出强度ALKTPR
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.9% |
现金转化率ALKTPR
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 1.93× | ||
| Q3 25 | 3.14× | 0.41× | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 3.86× | 1.63× | ||
| Q3 24 | 1.35× | 0.64× | ||
| Q2 24 | 2.64× | 1.61× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ALK
| Passenger revenue | $2.9B | 88% |
| Loyalty program other revenue | $227.0M | 7% |
| Cargo and other revenue | $153.0M | 5% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
